Rome- and Milan-based IA Partners has held a €25 million first close on its first fund, Industrial Assets, which is targeting an €80 million final close.
The fund’s first deal was in the cleantech sector – a €1 million investment for a 70 percent stake in Solar Green Technology, a Milan-based solar systems integrator – but the Italy-focused, lower mid-market fund will be industry-agnostic, partner and co-founder Luigi Capello told PEO.
 |
|
Luigi Capello |
The firm’s fund will employ a buy-and-build model, purchasing majority stakes in companies with enterprise values ranging from €15 million to €30 million, likely making 12 equity investments of around €6 million each over the life of the fund.
Capello would not disclose information regarding the firm’s limited partners, except to say they are a group of international investors.
Prior to co-founding IA Partners in March, Capello was managing director at Italian private equity firm Industria & Finanza, which he joined in 1997. He co-founded IA Partners with Uberto Selvatico Estense, formerly with Italian private equity real estate firm Accademia.
They are joined by a third partner, Augusto Amatori, and next month will add an additional investment professional and analyst.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: